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    Business
  3. Study Set
    Australian Financial Accounting Study Set 1
  4. Exam
    Exam 12: Set-Off and Extinguishment of Debt
  5. Question
    Insubstance Debt Defeasance Refers to an Arrangement Where Assets Are
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Insubstance Debt Defeasance Refers to an Arrangement Where Assets Are

Question 5

Question 5

True/False

Insubstance debt defeasance refers to an arrangement where assets are placed in trust,meaning that the creditor has now been paid in full:

Correct Answer:

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